REITs in the Community: Alexandria Real Estate Equities in Seattle

08/03/2015

July 31, 2015 - Rep. Jim McDermott (D-WA) (right), a senior member of the Ways and Means Committee, visited Alexandria Real Estate Equities' property at 1616 Eastlake Avenue in Seattle. John Cox, senior vice president, regional market director, Seattle (left), gave the Congressman an overview of the investments Alexandria is making in Seattle. The Congressman was also briefed on how various laws that he has co-sponsored, including the REIT Modernization Act of 1999 and the REIT Investment Diversification and Empowerment Act of 2007, have enabled the evolution of the modern REIT industry.

(Contact: Kirk Freeman at Kfreeman@nareit.com)

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What's a REIT?

REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

Why Invest in REITs

REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. Their comparatively low correlation with other assets also makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns. These are the characteristics of real estate investment.

About Nareit

Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. Nareit’s members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses.